3 Reasons to Buy This Recession-Proof Dividend Stock
Elevated inflation and the possibility of a looming recession have led the Nasdaq Composite to plunge 23% year to date. But stocks that are seen as lower risk have fared much better so far this year.
For instance, the mega-cap food and beverage stock PepsiCo (NASDAQ: PEP) has fallen less than 1% year to date. Regardless of whether the economy enters into a recession, PepsiCo looks like a buy. Here are three reasons why.
In late April, PepsiCo reported first-quarter results for the period ended March 19. The company's net revenue and non-GAAP (core or adjusted) diluted earnings per share (EPS) both exceeded the analyst consensus.
Source Fool.com
